July, 2020

article thumbnail

Re-establishing the Enterprise’s Risk Appetite

All Things Supply Chain

Since risk is a reality in business, and ‘certainty’ is an extremely expensive proposition, an enterprise’s appetite for risk has always been measured on a sliding scale.

Risk 362
article thumbnail

Innovation Begins With A Question

ivalua

Innovation is a difficult subject for many organizations. Some companies try to radically innovate, while others take an incremental approach. Some will look to outside sources for solutions and inspiration, whereas some tap into the knowledge that exists within the organization. Sometimes innovation occurs by accident, other times it is the result of a methodical approach.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Cargo Monitoring Is Critical in a Time of Crisis and Beyond

Supply Chain Brain

As businesses reel from COVID-19, cargo thieves and cybercriminals are exploiting the chaos.

142
142
article thumbnail

Avoiding Procure to Pay Cycle Pitfalls

ProcurePort

The procure to pay cycle is made up of a series of processes and procedures all related to the procurement, and payment for goods and services. Companies and organizations of all sizes use procurement teams to secure the goods and services needed to build goods or provide services to the end-customer. As with any department […]. The post Avoiding Procure to Pay Cycle Pitfalls appeared first on ProcurePort Blog.

article thumbnail

GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

article thumbnail

How Did the Digital Supply Chain Evolve?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Digital Supply Chain Overview! (Video). Digital Supply Chain evolve article and permission to publish here provided by Megan R. Nichols. People often position the digital supply chain as essential for helping today’s businesses succeed. What a digitized supply chain entails, though, changed over the years due to the evolution of technologies and how people use them.

article thumbnail

Bye Bye Barry’s Bikes and Baking Powder – Supply Chain Upheaval Prompts Flight to Technology

Supply Chain Collaborator

I went down to Barry’s Bikes in my hometown to buy some inner tubes from the bike shop that had been a fixture in my town for decades. Sadly, my bicycle tires are still flat because Barry’s storefront was shuttered. To console myself over the loss of this beloved local landmark, I decided to bake a carrot cake, but I was out of baking powder. At the grocer, the entire shelf of baking ingredients was bare.

More Trending

article thumbnail

LEADER – The Forrester Wave™: Supplier Risk & Performance Management Platforms, Q3 2020

ivalua

The post LEADER – The Forrester Wave™: Supplier Risk & Performance Management Platforms, Q3 2020 appeared first on Ivalua.

Risk 130
article thumbnail

How Supply Chains Can Weather the Next Pandemic Wave

Supply Chain Brain

The key to mitigating abrupt and unexpected disruptions in any company’s global supply chain is timely, actionable information.

article thumbnail

RFQ Meaning: Understanding a Request for Quote Procedure

ProcurePort

The procurement process is all about creating reliable, resilient, and sturdy supply chains, while improving time, efficiency, and savings. This combination of goals is achieved through various procedures and processes that can be standardized, customized, and fulfilled all through procurement software. With the help of knowledgeable employees empowered to use it of course.

article thumbnail

Why Do Companies Still Not Have a Chief Supply Chain Officer?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Supply Chain Should Lead the Boardroom … the Coronavirus Proves it! Chief Supply Chain Officer article and permission to publish here provided by Sam White at argentus.com. At Argentus, we’ve long written about how crucial Supply Chain leadership is to business strategy. With the myriad challenges raised by COVID-19, we feel confident saying that it’s more important than ever before.

article thumbnail

5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

article thumbnail

Hello Automated Procurement, Goodbye Tedium

Jaggaer

How much do you enjoy routine tasks such as updating dozens of price lists, generating purchase requests, and entering and reviewing information for multiple suppliers? Many tasks in procurement are repetitive, tedious, time-consuming and, when performed by humans, highly error prone. They absorb precious time – time that could be spent on more important strategic tasks that add value to the organization and make work more satisfying and rewarding for a procurement professional.

article thumbnail

The Business Benefits of a Sustainable Supply Chain

All Things Supply Chain

Whether your business provides products or services, your supply chain is at the heart of brand and business success.

article thumbnail

IVALUA cited as a ‘LEADER’ in Supplier Risk Performance Management by independent reseach firm

ivalua

Covid-19 amplifies the need for SRPM solutions to better manage suppliers. London, UK – July 28, 2020 – Ivalua, a global leader in cloud Spend Management solutions, today announced that it has been recognized as a Leader by Forrester Research Inc. in “The Forrester Wave : Supplier Risk And Performance Management (SRPM) Platforms, Q3 2020.

Risk 26
article thumbnail

How the Pandemic Taught a Lesson to Food Supply Chains

Supply Chain Brain

Among the many “gifts” of the coronavirus pandemic is a hard lesson about the fragility of food supply chains.

article thumbnail

From Reactive to Resilient: Charting Your Supply Chain Maturity

In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.

article thumbnail

What is Strategic Sourcing? Your Procurement Guide

ProcurePort

What is strategic sourcing? According to businessdictionary.com strategic sourcing is defined as “A method of managing procurement processes for an organization in which the procedures, methods, and sources are constantly re-evaluated to optimize value to the organization.” To add on, strategic sourcing allows organizations to leverage their purchasing power so they can achieve the best […].

article thumbnail

The Parallel Supply Chain … A Twilight Zone Strategy?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Defining the New Normal in Supply Chain! What’s Normal Anyways? The Coronavirus pandemic has resulted in lockdowns of enormous portions of the global population and its businesses. The unprecedented disruption in these Supply Chains and the economy, along with panic buying (eg. toilet paper ) and extraordinary demand for PPE (Personal Protect Equipment) has brought the subject of a Parallel Supply Chain to the forefront

article thumbnail

Achieving autonomous or “lights out” supply chain planning

Supply Chain Trend

Operating in the supply chain world, it’s hard to not come across terminology like supply chain planning 4.0, “light touch” planning or “lights out” planning. All have generated a lot of hype over the past few years … and for good reason. Considerable progress has been made in technology in recent years, continuing at a dizzying pace. Autonomous development is happening in most major car companies with the promise of self-driving cars everywhere within a few years.

article thumbnail

Early detection of supply chain bottlenecks due to Covid-19 with data analytics

All Things Supply Chain

Especially in the current crisis, it can be enormously important for companies to recognize supply chain bottlenecks early on in order to be able to act directly.

article thumbnail

The 2nd Generation of Innovation Management: A Survival Guide

Speaker: Chris Townsend, VP of Product Marketing, Wellspring

Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?

article thumbnail

LEADER – The Forrester Wave™: SRPM

ivalua

The post LEADER – The Forrester Wave™: SRPM appeared first on Ivalua.

26
article thumbnail

Why the U.S. Can’t Break China’s Monopoly on Rare Earth Metals — Part 2

Supply Chain Brain

It's unrealistic to believe the U.S. can break China’s monopoly over the rare earth element market through private investment and the opening of new domestic mines.

132
132
article thumbnail

Understanding Contract Lifecycle Management (CLM) in Procurement

ProcurePort

In departments like procurement, there can often be so many concurrent activities that it’s hard to keep track of every single one. While a formidable effort needs to be dedicated to the actual acquisition side of things, just as crucial is the supplier management once onboarded. The contract lifecycle management starts the moment a contract […].

Contract 130
article thumbnail

How to Do More With Less in Your Last Mile Service!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Last Mile Delivery! What is your Strategy? Last Mile Service article and permission to publish here provided by Raanan Cohen at bringg.com. When we look at the industry leaders, the forecast for the logistics market is clear. Amazon’s continued success at omnichannel delivery and fulfillment, including one-day delivery for Prime subscribers, has increased the pressure on retailers and shippers to provide faster, lower priced,

article thumbnail

Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea

article thumbnail

How to move IBP from a Tired Old Process to an Executive Decision Factory

Supply Chain Trend

When I was IBP manager at a multi-billion-dollar CPG company about 10 years ago, I remember a marketing director telling me just before the executive IBP meeting; ‘Niels, this feels like going to the dentist every month’. I agreed with him. Back then, preparing for a monthly IBP meeting was a painful, tedious effort, with my full planning team consumed and running overtime to get the IBP decks out in time.

article thumbnail

A methodology of resilience – How supply chains become more robust

All Things Supply Chain

Due to the enormous impact of the coronavirus pandemic on global supply chains, many companies are struggling to keep themselves ticking over.

article thumbnail

Dubaï, UAE | Procurement Strategy Summit

ivalua

The post Dubaï, UAE | <br>Procurement Strategy Summit appeared first on Ivalua.

article thumbnail

What Neuroscience Can Teach Us About Repairing Fractured Supply Chains

Supply Chain Brain

As the pandemic begins to recede in some countries and global businesses take steps toward recovery, what will reemerging supply chains look like?

article thumbnail

The Evolution of Control Towers to Command Centers

Are fragmented control towers hindering your supply chain’s growth and response time? Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency. Today’s volatile landscape requires inherent visibility across your entire value chain and the ability to orchestrate course corrections within a unified platform.

article thumbnail

Enhancing the RFP Process for a Stronger Supplier Relationship

ProcurePort

The supply chain is a vital aspect to any organization in any industry. Developing a book of suppliers and vendors that are trustworthy, reliable, and actively respond to RFPs is a challenge for every procurement team. Enhancing the RFP process can help organizations in building a library of suppliers and vendors that they can turn […]. The post Enhancing the RFP Process for a Stronger Supplier Relationship appeared first on ProcurePort Blog.

Suppliers 130
article thumbnail

Defining the New Normal in Supply Chain! What’s Normal Anyways?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 10 Vital Supply Chain Lessons from the Coronavirus Pandemic! The Coronavirus pandemic has upended almost every aspect of our personal and business lives. And now we hear talk about this “new normal” The economic and personal turmoil has been unprecedented. But with uncertainty around the future spread of the Covid-19 virus and uncertainty about the arrival of some kind of vaccine there is increasingly talk of a ne

article thumbnail

DPS: An Answer to Public Procurement Burdens?

Jaggaer

Every year, more than 250,000 public authorities in the European Union spend around 14% of GDP (around €2 trillion per year) on the purchase of services, works and supplies. Their peers in the United States are also responsible for about $2 trillion in spend. Could the money be better spent? Absolutely. How? Now that’s a much more difficult question.

article thumbnail

Supply Chain Weekly Wrap-Up 07/10/20 – 07/16/20

All Things Supply Chain

Report: Last-Mile Delivery is the Most Inefficient Process for More Than Half of North American Companies The transportation and logistics (T&L) industry has experienced significant disruptions due to the steep…

article thumbnail

GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic